Mortgage Insurance
Orlando Real Estate - Will my mortgage insurance cover the difference if I default on my loan
Friday, March 21st, 2008If I pay mortgage insurance and default on my loan, why wouldn’t that cover the deficiency amount?
The mortgage insurance is not there for your protection, just the lender’s. If you are paying PMI (private mortgage insurance) it is there to protect the lender in case you default on your loan. You can usually get the […]